Study of Inventory management process and its Classification
Keywords:
Inventory, managementAbstract
Effective inventory management helps businesses save money and better satisfy consumer needs. Several inventory management strategies, such as cutting down on dead stock (for more information, see the definition of dead stock) and applying the reorder point calculation, may help achieve this goal. Perhaps the most crucial aspect of inventory management is the need for constant attention to stock counts.
References
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Life cycle engineering [Online] Available: http://www.lce.com/pdf/ abcclassification.pdf
ABC analysis (Inventory) By Joffrey Collignon, Joannes Vermorel, Feb. 2012
ABC Inventory Analysis using Excel. Posted on October 1st, 2014.
